114 Billionaires in the Giving Pledge Group

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According to philanthropy.com, 11 new billionaries have made the giving pledge, marking 114 in total. Although the group was orignally founded for the wealthiest Americans, it’s now gone international. Two of the new signers are not from the U.S. — Lord Ashcroft, of the U.K., and Samuel Yin, of Taiwan.

Founded in 2010 by three billionaires — Bill and Melinda Gates, and Warren Buffet — the Giving Pledge is a commitment among the world’s richest individuals and families to give over half of their wealth to charitable causes. By joining together as a group, these money-giants exchange ideas and expose their efforts in a platform where they can help each other use their money for the greater good. And it’s working. Continue reading

Taking the Giving Pledge: Billionaires Joining Together for the Greater Good

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Everyone should know about the Giving Pledge Group. Founded in 2010 by Warren Buffett and Bill and Melinda Gates, this is an organization that brings the richest individuals and families together in a pledge to give over 50% of their wealth to philanthropic causes. As of 2011, 69 billionaires had already made the pledge.

Although it is not a binding contract, whoever makes the “Giving Pledge” morally commits to becoming a philanthropist and each one is responsible for giving their wealth to the causes that they choose.